Today more than 5 million people are working in various parts of the real estate industry in the United States. Real estate has many wide-ranging careers associated with it, both directly and indirectly. Many real estate jobs require licensing—such as a real estate license—continuing education, or other certifications or degrees. Below we outline some of the different types of real estate jobs available today, as well as the typical real estate salary or income associated with each.
Types of real estate careers available
Real estate careers can be associated with the financial side of the industry by way of a mortgage brokerage, loan processing, underwriting, credit analysis, foreclosure management, loan funding, and investment. There are also many essential and high-paying jobs available on the title insurance, appraisal, escrow, property management, and legal sides of the business, in addition to residential and commercial brokerage sales.
10 real estate jobs and their salaries
Let’s take a look at the salary or income opportunity for 10 different real estate jobs available in Maryland. In this context, the term “salary” might also include commissions and bonuses. The usual range, unless otherwise noted, includes salaries from the 25th to 75th percentiles. Data is accurate as of January 20, 2020:
- Appraiser (residential): The median annual salary in Maryland is $55,899 with a salary range usually between $46,063 and $64,592.
- Appraiser (commercial): The median annual salary for an appraiser who works in the commercial sector in Maryland is $104,380 with a range usually between $89,780 and $119,740.
- Commercial leasing manager: The median annual salary is $113,359 with a range usually between $85,479 and $157,853.
- Commercial real estate broker: The average annual salary in Maryland is $62,957. Annual incomes in this field can vary dramatically, going as high as several million dollars per year, depending on the annual closings. Typical pay usually falls between $53,044 and $78,450.
- Commercial real estate loan officer: The median annual salary nationally for an entry-level loan officer is $82,389 with a salary range between $71,223 and $95,012. A senior loan officer’s median salary is $104,850.
- Community development manager: The median annual salary range is $116,655 with a range typically between $100,666 and $134,768.
- Compliance specialist: The median annual salary for an entry-level compliance specialist in Maryland is $60,605 with the standard range between $54,066 and $69,067.
- Property manager: The median annual salary is $101,687; the standard range is $88,276 to $116,988.
- Real estate sales agent: The average annual income for a real estate agent in Maryland is $43,427. However, salaries tend to go up dramatically with years of experience, number of hours worked per week, and designation with top earners making well over the $130,000 mark.
- Real estate managing broker: The median income is reported as $154,030 each year, with the standard range between $134,991 and $170,800.
Interested in one or more of these careers? Our Maryland real estate learning packages range from the required pre-licensing course to everything you need for a strong start in your real estate career.
*Sources include salary.com, payscale.com, monster.com, and the National Association of REALTORS (NAR).